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Author Topic: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️  (Read 3431 times)

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IONCHAIN

A High-Capacity Transactional System


WEBSITE [nofollow]WHITEPAPER [nofollow]TELEGRAM [nofollow]TWITTER [nofollow]FACEBOOK [nofollow]REDDIT [nofollow]GITHUB [nofollow]MEDIUM [nofollow]

❄️    Official IonChain ANN thread    ❄️

========================================
PUBLIC-SALE CAPS
Softcap: NO SOFTCAP*
Hardcap: 1 600 ETH


🎉🎉🎉 * WE HAVE SOLD 35% & RAISED 2 333 ETH IN PRIVATE-SALE   🎉🎉🎉


PUBLIC-SALE SCHEDULE
🌟🌟🌟 Whitelisting: 27.06.2018 - 07.07.2018 🌟🌟🌟
Public-Sale: 07.07.2018 - 14.07.2018 | Price : 1 ETH = 125 000 IONC

========================================

Other Languages
(Links will be updated after the translation)
------------------
.• Korean : (ANN, Whitepaper)
• Indonesian : (ANN, Whitepaper)
• Dutch : (ANN, Whitepaper)
• Thai : (ANN, Whitepaper)
• Polish : (ANN, Whitepaper)
• Filipino: (ANN, Whitepaper)
• Japanese : (ANN, Whitepaper)
• Vietnamese : (ANN, Whitepaper)
• Italian : (ANN, Whitepaper)
• Danish : (ANN, Whitepaper)
• Russian: (ANN,Whitepaper)
• Arabic: (ANN, Whitepaper)
• Spanish : (ANN, Whitepaper )
• Romanian : (ANN, Whitepaper)
• Bulgarian : (ANN, Whitepaper)
• Greek : (ANN, Whitepaper)
• Turkish: (ANN, Whitepaper)
• Croatian : (ANN, Whitepaper)
• German : (ANN, Whitepaper)
• Portuguese : (ANN, Whitepaper)
• Slovenian : (ANN, Whitepaper)
• Hindi : (ANN, Whitepaper)
• French: (ANN, Whitepaper)
• Chinese Simplified : (ANN, Whitepaper)




PROBLEM
______________


With the increase of decentralized blockchains such as Ethereum and Bitcoin comes an increase in other distributed ledger technologies. With the volume of electronic transactions growing at a global scale, it is clear that there is a need to increase the number of blockchain based networks to keep up with demand. The fact that major blockchains have a present problem in handling the high volume of transactions that they are seeing is proof of the need for more platforms to be created.



SOLUTION
______________


Leveraging the most recent technologies to include a network of databases commonly referred to as a shard, IonChain will bring large scaled and distributable systems which have the distinct advantage of scalability. This will allow IonChain to fill the gap in the market and grow with the need of businesses globally. The distributable network increases IonChain’s abilities exponentially and will act to see the IONC integrated into common transactions. Blockchain challenges which IonChain will address is the ability to scale, security and decentralization while maintaining a fast-moving service.



GOAL
______________


We’re reinventing the blockchain without sacrificing decentralization or security.
Meet our innovative double-layered blockchain - ION CHAIN

         • Double-layer blockchain (ION CHAIN)
The ION CHAIN consists of lastic sharding at layer one and a base blockchain to confirm the blocks from the first layer.

• ION CHAIN cross-shard transactions
Cross-shard transactions are fully supported

• Super-full node
Multiple honest nodes can run as a super-full node

• Double spending protection
At least 50% of hash power is allocated to the base blockchain (root) to prevent double spending attack



HOW IT WORKS
______________



The principles of IonChain’s design including increasing scalability but at the same time making sure that decentralization and security are paramount. Creating cross shared transactions seamlessly to give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain, being able to support different platforms and providing users with an easy to use account. Our design will allow for scalability to be in line across the requirements of maintaining high security with a good level of decentralization.

   •   An important core feature of the IonChain network is that it has been designed from the outset with scalability in mind.
   •   Horizontal Scalability – The network runs each node as a super full node which allows the same level of security against malicious attacks as traditional blockchains.
   •   The network is easy to use, safe, and allows for public participation with the ability to link weak miners together.

IonChain has created a divide and conquer concept which separates functions into two distinct layers, which acts to enhance the scalability whilst maintaining the appropriate security levels. Utilizing a layer of elastic sharding in the blockchain, smaller shards will be listed within the layers and as the number of shards increase the ability to process them concurrently, thereby increasing systems capacity. The network contains a base chain that will confirm all sharded blockchain blocks but will not process any transactions. It will also have a level of difficulty which will preclude anyone from reverting a transaction since it would not be economically efficient to do. The platform is designed to be able to support additional shards which will be able to independently process subsets of transactions.

Since the IonChain network is more decentralized than other blockchain systems the level of security is also much higher, with 50% of the hash power allocation held on the base chain. Sharding technology allows the ability to increase capacity depending on how many transactions need to be processed, optimizing time with ease. This is beneficial for:
   •   Allowing the network to scale as needed without compromising on time or efficiency.
   •   Creating a higher level of decentralization than a normal blockchain.
   •   Security is created by maintaining 50% of the hash power in the base chain.

Ionchain system:
   1. Smart Contracts – smart contracts will be facilitated through Ethereum Virtual Machine as it is currently the most widely used.
   2. On and off Chain Transactions – off chain transactions are accommodated for times when transactions must access information that is not on the blockchain. Smart contract specific data can be sharded as required.
   3. Account management is made simple by allowing one account to be able to access all shards. Users can operate a primary account, which contains the user address in a default shard, or through a secondary account which manages all other addresses of the user in a shard. The primary account option will be mainly used, then only temporarily moved to an address in a second account if required, with any remaining balance in the secondary account being moved back to the primary account.






ROADMAP
______________


.
March 2018
Start of the Ion Chain development.
.    May 2018
   Token distribution.

.
June 2018
Development.
.    August 2018
   Team expansion.

.
October 2018
Testnet 0.1.
.    December 2018
   Smart Contract 0.1.

.
January 2019
Testnet 1.0 and Smart Contract 1.0n.
.    May 2019
   Further Team Expansion.                  

.
June 2019
Company formation/legal.
.    Octorber 2019
   Ion Chain Mainnet 1.0.

.
December 2019
Ion Chain Core 1.0.



TOKEN DETAILS
______________

.Token name:Ionchain token
.Ticker:IONC
.Platform:Ethereum -> Ionchain
.Total supply:1 000 000 000
.Softcap:NO SOFTCAP
.Hardcap:1 600 ETH
.Token Sale:07.07 - 14.07
.Accepted purchase:  ETH
.Price:1 ETH = 125 000 IONC
.Minimum investment:   0.1 ETH
.Maximum investment:   1.6 ETH
.Minimum participants:   1000 (chosen by lottery)
.Country:Finland
.Whitelist/KYC:Yes
.Restricted areas :USA, China, Singapore



TOKEN ALLOCATION
______________


.Private sale (lockup to 1 year)  
|||||||||||||||||||||||||||||||||||   35%
.
.Mining, future community    
||||||||||||||||||||||||||||||   30%
.
.Public sale (No lockup)  
||||||||||||||||||||   20%
.
.Team (lockup to 1 year)  
||||||||||   10%
.
.Completed early supporters distribution  
|||   3.3%
.
.Bounty, rewards  
||   1.7%



ION CHAIN CORE TEAM
______________


  Chong Wang [nofollow] : Founder, scaling & performance systems

Ding Jong [nofollow] :  Research scientist

Qian Lim [nofollow] : Software Engineer

Xiaole Wu [nofollow] : Blockchain

Mika Kojo [nofollow] : Marketing officer

Elina Nousianen [nofollow] : Senior Software Engineer

Sanna Rinne [nofollow] : Software Developer

Tuomas Luosma [nofollow] : Software Engineer

Jani Terttu [nofollow] : Community manager





IONCHAIN

A High-Capacity Transactional System


WEBSITE [nofollow]WHITEPAPER [nofollow]TELEGRAM [nofollow]TWITTER [nofollow]FACEBOOK [nofollow]REDDIT [nofollow]GITHUB [nofollow]MEDIUM [nofollow]


*Thank MrSpasybo [nofollow]

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Offline ionchain

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #1 on: June 23, 2018, 03:58:50 PM »
Since only 1000 applications will be allowed to take part in crowdsale, we are already seeing advertisement at the black markets to buy verified accounts. We have zero tolerance against such practices and anyone found buying/selling accounts will be excluded from the whitelist.

Offline ionchain

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #2 on: June 24, 2018, 12:02:21 AM »
⚠️You will see the list of required documents and your verification status when you create an account at http://ionchain.io [nofollow]  ⚠️Registration will be open on 27/06/2018 11:00AM GMT+0 and will last for 7 days⚠️

Offline alltalk

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #3 on: June 24, 2018, 01:12:23 AM »
Very promising project. Would you provide a bounty campaign? I am interested in joining it.  :D
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Offline ionchain

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #4 on: June 24, 2018, 05:39:41 PM »
Thank you for your interest in IonChain as well as being patient while we ensure a fair, smooth ICO process. Throughout the process we will keep you abreast with our work and the specific details. Please understand that we will not be running a pre-sale, nor will we be cancelling the public sale. Our pricing structure will not change, and we will not bombard you with any unnecessary social media.
Whitelisting will be open on 27th of June at 11:00 AM GMT+0. Participants will need to register at ionchain.io and submit requested documents as well as ethereum wallet address. Once your KYC is approved, you will be able to participate in the final draw, where we choose 1000 applicants.
Public sale will start on 7th of July. Personal cap will be 1.6 ETH in the first 48 hours or until we reach a hardcap of 1600 ETH. If no hardcap is reached after 48 hours, then you can contribute again, without any personal cap.

We can't stress enough, how important it is to follow official channels to protect yourself from scams. Our admins will never ask you to contribute directly! You will receive smart contract address for contribution in your personal account panel at ionchain.io.

Since only 1000 applications will be allowed to take part in crowdsale, we are already seeing advertisement at the black markets to buy verified accounts. We have zero tolerance against such practices and anyone found buying/selling accounts will be excluded from the whitelist.

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    Topic Starter First Post Fifth year Anniversary

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #6 on: June 25, 2018, 07:59:06 PM »
We are deeply thankful to our community for their constant support!

At the time of this article’s publication, the number of members in our Twitter group has raised to over 16,700 and our Telegram group has reached a total of over 18,000 members.

IonChain team would like to remind everyone that a number of scams have tried to counterfeit IonChain, by creating fake websites, telegram groups and even Twitter accounts. Please remember that only information announced through our official accounts and website are reliable.

Thanks for reading our weekly report. IonChain team appreciates the community’s support and will keep you updated.

Url: https://ionchain.io/ [nofollow]
Telegram: https://t.me/joinchat/Iw9TNUWZmVt_8CAuW_dc9Q [nofollow]
Twitter: https://twitter.com/ion_chain [nofollow]
Bitcointalk: https://bitcointalk.org/index.php?topic=3641957.0 [nofollow]

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #6 on: June 25, 2018, 07:59:06 PM »


Offline carcas

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #7 on: June 27, 2018, 11:41:40 AM »
Good project and quality. I see the development of this project is very good for the future. does this project have airdrop or bounty?

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #8 on: June 28, 2018, 02:48:29 PM »
thanks!

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #9 on: June 29, 2018, 05:15:28 PM »
An interesting project, indeed. Just one question OP is this project will end after the ICO sale or once the ICO is a success? Thanks

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altcoinstalks

Offline Kitcho

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Offline Nikko

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Re: ⚫️IonChain⚫️High TPS blockchain⚫️Sharding⚫️
« Reply #12 on: July 10, 2018, 04:58:47 PM »
Telegram channel link is expired or broken ?

 

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